Solana's SOL token has shown signs of recovery, trading around $152.16 after reaching a peak of $155.43, reflecting a 4.83% increase over the past 24 hours. This uptick occurs as the broader market keeps an eye on renewed US-China trade discussions commencing in London, featuring key figures such as U.S. Commerce Secretary Howard Lutnick and Chinese Vice Premier He Lifeng. The tension in tariffs and technology restrictions remains a core concern, with analysts pointing to rare earth export curbs and AI chip regulations as influential factors. Despite market volatility, Solana has demonstrated a pattern of higher lows, indicating potential strength amidst uncertainty. Some analysts project Solana could reach price targets between $420 and $620 in 2026. For now, traders will be observing how these macro developments may influence risk appetite for cryptocurrencies like SOL. Technical analysis shows that the price fluctuated between $148.08 and $155.24, establishing key support at $152.03 and resistance at $154.79. The price stabilized around $150.91 prior to reaching back into an upward trend early on June 9, signaling renewed strength.
Solana Eyes Stability at $152 Amid US-China Trade Talks
Solana's recent price movements indicate a recovery above $152 as market focus shifts to the ongoing US-China trade negotiations.
Jamie Bennett
Crypto Analyst
5 min read
35,736
Analysis
Market Sentiment
Bearish
Neutral
Bullish
News Impact
8/10
Credibility: 8/10
Trading Recommendation
SOL
SOL
BUY
Entry Price
$153
Confidence
70%
Stop Loss
$150
Take Profit
$160 - $165
Given the positive news surrounding Solana and its recent price recovery, an entry at $153 with a strict stop loss and a reasonable take profit targets is justified.
